News Detail

Date/Time
14 Aug 2018 12:48:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2018
Symbol
CTW
Source
CTW
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                Management Discussion and Analysis

Company name                             : CHAROONG THAI WIRE & CABLE PUBLIC 
COMPANY LIMITED
Year                                     : 2018
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2018
Note                                     :
CTW030/2018
                                                    August 14, 2018

Subject   : Management Discussion and Analysis for the second
                   quarter of 2018

To            : President
                   The Stock Exchange of Thailand     

          Charoong Thai Wire and Cable Plc.(CTW) would like to clarify
the Company and its subsidiaries' operating results based on the
consolidated financial statements for the second  quarter of 2018,
three-month period, ended 30 June 2018 as follows:
                                                                                
          (Unit : Million Baht)
         Operating Results         The second quarter (three-month period)
                                                     2018           2017         Change
                                                                               Million 
Baht      %
Total revenues                       1,917.77     1,712.63    205.14      11.98
Profit attributable to
equity holders of CTW          108.58          31.94          76.64    239.98
Earnings per share
(Baht/Share)                                      0.27            0.08            

Profit
    Profit attributable to equity holders of CTW of THB 108.58 million
increased by THB 76.64 million or 239.98% from profit of THB 31.94
million in the same period of 2017, caused by the following main
reasons:

     Revenue from Sales
     Revenue from sales of THB 1,913.66 million increased by THB
230.50 million or 13.69% when compared with THB 1,683.16 million
in the same period of the previous year.  In the second quarter of
2018, the Company and its subsidiaries had revenue from Enameled
and non-enameled wire of THB 1,114.14 Million, followed by Power
cable of THB 767.91 Million, Fiber optic cable of THB 14.88 Million
and Communication cable of THB 11.55 Million, respectively.

     Other Income
     Other Income of THB 4.11 million decreased by THB 25.35 million
or 86.04% when compare with the same period of the previous year.
In the second quarter of 2018, revenue from interest income
decreased by THB 15.76 million and there was loss on exchange rate
of THB 7.19 million, while there was gain on exchange rate of THB
9.87 million in the second quarter of 2017.

     Expenses
     Total expenses of THB 1,772.86 million increased by THB 105.81
million or 6.35% from THB 1,667.05 million in the second quarter of
the previous year, details were summarized as follows.

   1.    Cost of Sales
       Total cost of sales in the second quarter of 2018 of THB 1,698.17
million increased by THB 104.20 million or 6.54% when compared
with THB 1,593.96 million in the same period of the previous year.  In
the second quarter of 2018, the gross profit was THB 215.49 million,
increasing by THB 126.30 million or 141.59% from THB 89.20 million
in the same period of the previous year.  The gross profit margin was
11.26% which increased from 5.30% in the same period of 2017.

   2.    Selling Expenses
       In the second quarter of 2018, the Company and its subsidiaries
had the selling expenses of THB 23.83 million, which was close to
THB 23.73 million in the same period of the previous year.

   3.    Administrative Expenses

       Administrative expenses of THB 50.87 million increased by THB
1.52 million or 3.07% from THB 49.35 million in the same period of the
previous year.  In the second quarter of 2018, the Company had
written off bad debts of THB 1.70 million.

   4.    Finance Cost

       Finance cost of THB 9.36 million increased by THB 2.01 million or
27.34% from THB 7.35 million in the same period of the previous year
which were mainly the interest expenses of trust receipts.

          Please be informed accordingly.

                                                     Sincerely yours,

                                                 (Mr. Sun Tao-Heng)
                                                  Managing Director
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